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Warp 9, Inc. Approved for Continued Trading on OTCQB(R) Marketplace
Warp 9, Inc. Approved for Continued Trading on OTCQB(R) Marketplace.
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[{"type":"text","content":"\n \n \n Warp 9, Inc. Approved for Continued Trading on OTCQB(R) Marketplace\n \n \nWarp 9, Inc. Approved for Continued Trading on OTCQB(R) Marketplace\n\nProvider of Mobile and Digital Commerce Solutions Meets Newly Announced Requirements to Promote Greater Transparency Between Companies and Their Investors\n\n \n SANTA BARBARA, CA--(Marketwired - Dec 9, 2014) - Warp 9, Inc. (OTCQB: WNYN), the premier provider of mobile and digital commerce solutions for midsize online sellers, today announced that the company has been approved to continue trading on the OTCQB Marketplace. The OTC Markets Group announced new standards and eligibility requirements in March of this year, requiring currently traded companies to meet newer, stringent rules.\n The new standards and compliance requirements were put in place to allow more transparency between companies and their investors. Companies looking to maintain their OTCQB trading status, like Warp 9, Inc., must maintain reporting to a U.S or foreign regulator, pass a minimum bid test of one penny ($0.01), and provide annual insight into the company's insiders, advisors, and share count. They must also not be in bankruptcy or reorganization, and must submit for approval for trading within 120 days of their Fiscal Year End. \n \"We're happy to make it through the approval process, and for the opportunity to continue trading on the OTCQB Marketplace,\" said Andrew Van Noy, CEO of Warp 9, Inc. \"Warp 9 has always put an emphasis on transparency with our shareholders, so we are in full support of the new standards and compliance requirements. We're excited to continue providing premier digital commerce solutions for our customers, and sharing news and company updates with our investors as we head into the new calendar year.\"\n Warp 9, Inc. is a mobile and digital commerce solutions provider for midsize online sellers. Earlier this year, the company launched WarpMobile Magento, a rapid development framework for adding powerful mobile websites to any Magento e-commerce store. WarpMobile Magento was implemented specifically to serve the 240,000 businesses currently using the Magento e-commerce platform, of which the company believes that 85%-90% do not have a mobile site.\n The OTC Markets Group consists of 10,000 U.S. and global securities with a combined $14 trillion in market cap for the OTCQX, O...